Chubb - Philadelphia, PA

posted 2 months ago

Full-time - Mid Level
Philadelphia, PA
Insurance Carriers and Related Activities

About the position

The Senior Product Analyst for Small Business at Chubb will report directly to the Assistant Vice President of BOP and Umbrella. This role is pivotal in overseeing product maintenance, development, and management efforts aimed at achieving both top and bottom-line goals for the Small Business Umbrella and BOP Lines. The successful candidate will collaborate closely with the AVP of BOP and Umbrella to drive product line initiatives across various departments, including Underwriting, Regulatory, Marketing, Claims, Actuarial, IT, Government Affairs, and Legal. In this position, the analyst will engage in ongoing product management, which entails conducting in-depth analyses to formulate data-driven business recommendations for product, rule, rate, or underwriting changes for both new and existing products. The role requires collaboration on new initiatives and strategies with key stakeholders to influence positive change within the organization. Regular product maintenance is also a critical responsibility, which includes managing regulatory changes, enhancing underwriting rules, updating loss costs, and implementing ISO circular updates. Additionally, the Senior Product Analyst will drive product development efforts, focusing on coverage enhancements, segment expansions, and improvements to Chubb's online strategic quoting platform for Small Business. The analyst will work closely with Underwriting, Actuary, and Portfolio Management to provide insights on state rate selections based on rate indications and product performance. Active collaboration with stakeholders from claims, marketing, training, and customer experience will be essential for identifying, developing, and implementing new product initiatives and opportunities. The role also involves identifying and executing process improvement strategies to meet financial objectives.

Responsibilities

  • Perform deep dive analyses to formulate data-driven business recommendations for product, rule, rate, or underwriting changes for new and existing products.
  • Collaborate on new initiatives and strategies with key stakeholders to influence change.
  • Manage regular product maintenance including regulatory changes, enhancements to underwriting rules, loss cost updates, and ISO circular updates.
  • Drive product development efforts including coverage enhancements, segment expansions, and improvements to Chubb's online strategic quoting platform for Small Business.
  • Work closely with Underwriting, Actuary, and Portfolio Management to provide input on state rate selections based on rate indications and product performance.
  • Collaborate with stakeholders including claims, marketing, training, and customer experience on new product initiatives and opportunities.
  • Identify, develop, and implement process improvement strategies to achieve financial objectives.

Requirements

  • Strong analytical skills with experience in product management and development.
  • Proven ability to collaborate with cross-functional teams and influence stakeholders.
  • Experience in the insurance industry, particularly in underwriting or product analysis.
  • Excellent communication skills, both written and verbal, to convey complex information clearly.
  • Ability to manage multiple projects and meet deadlines in a fast-paced environment.

Nice-to-haves

  • Experience with regulatory compliance in the insurance sector.
  • Familiarity with ISO circulars and loss cost updates.
  • Knowledge of online quoting platforms and digital product offerings.

Benefits

  • Comprehensive health insurance coverage.
  • 401(k) retirement savings plan with company matching.
  • Paid time off and holidays.
  • Professional development opportunities and training programs.
© 2024 Teal Labs, Inc
Privacy PolicyTerms of Service